Slide 1: Investor, Analyst and Media Call Q3
Investor, Analyst and Media Call Q3 Porsche AG – October 28, 2022 Vertraulich 1
Slide 2: Investor, Analyst and Media Call Q3 2022
Investor, Analyst and Media Call Q3 2022 Lutz Meschke Björn Scheib Anja Wassertheurer Deputy Chairman and Head of Investor Relations Director Corporate and Member of the Executive Porsche AG Product Communications Board Finance and IT Porsche AG Porsche AG Vertraulich 2 2
Slide 3: Disclaimer
Disclaimer In this presentation (together with any additional or supplementary materials, the “Presentation”) the “Company” or “Porsche AG” means Dr. Ing. h.c. F. Porsche Aktiengesellschaft and the “Group” means Porsche AG together with its consolidated subsidiaries. This Presentation has been prepa
Slide 4: Porsche AG group on track with strong results
Porsche AG group on track with strong results Topic Message Q3 highlights - Successful IPO completed Europe’s largest IPO by market capitalization Group Financial Performance Strong growth in group sales revenue and operating profit Robust sales despite challenging market conditions and Automotive F
Slide 5: Q3 highlights – Successful IPO completed
Q3 highlights – Successful IPO completed 114 m € 82.50 Shares originally placed in IPO placement price 28% 14% the IPO1 € 78 bn Market capitalization MSCI Inclusion2 15% 43% on listing Investor distribution by regions3 Germany North America Europe (excl. GER) RoW (incl. China) 1 Approximately 3.8 mi
Slide 6: Group and Automotive – Financial performance overview
Group and Automotive – Financial performance overview YTD Q3 2022 Results € 26.7 bn 18.9 % Group Sales Group Return on Sales (RoS)1 Revenue € 5.0 bn Group Operating Profit 222 k 26.1 % 13.4 % Deliveries Automotive EBITDA margin1 Automotive Net Cash Flow Margin1 11 % BEV share1 € 6.4 bn Automotive EB
Slide 7: Group – Sales Revenue and Operating Profit
Group – Sales Revenue and Operating Profit YTD Q3 Results 2021 vs. 2022 Group Sales Revenue, in € bn Group Operating Profit, in € bn +15.7 % +40.6 % Higher sales 26.7 5.0 23.1 Improved pricing 3.6 Better product mix Advantageous YTD Q3-21 YTD Q3-22 YTD Q3-21 YTD Q3-22 currency effects 15.5 % Group R
Slide 8: Automotive – Deliveries and Sales Revenue
Automotive – Deliveries and Sales Revenue YTD Q3 Results 2021 vs. 2022 Deliveries, in k vehicles Automotive Sales Revenue, in € bn +2.0 % +16.6 % Strongest growth in Europe1 and Germany 217 222 24.5 21.0 Lower BEV share due to supply chain related shortages YTD Q3-21 YTD Q3-22 YTD Q3-21 YTD Q3-22 13
Slide 9: Automotive – deep dive on Deliveries
Automotive – deep dive on Deliveries YTD Q3 2022 Results Regional distribution, % of Deliveries Model distribution, k Deliveries Strongest growth in 66.8 Europe1 (+11 % year- 15% 9% on-year) 59.6 19% 30.6 Deliveries of icon 911 31% +9 % year-on-year 25% 25.5 25.1 Strong order book (esp. Germany Chin
Slide 10: Automotive – Operating Profit
Automotive – Operating Profit YTD Q3 Results 2021 vs. 2022, in € bn +40.1 % 4.7 Higher sales 3.4 Improved pricing Better product mix Advantageous currency effects YTD Q3-21 YTD Q3-22 16.1 % Automotive RoS1 19.4 % Stable and lean cost structure Automotive 24.7 % 26.1 % EBITDA Margin1 1 Non-IFRS measu
Slide 11: Automotive – Net Cash Flow
Automotive – Net Cash Flow1 YTD Q3 Results 2021 vs. 2022, in € bn As % of Automotive Sales Revenue +13.6 % Stronger cash flow from operating 3.3 activities despite temporarily higher 2.9 vehicle inventories Larger investment in electrification and YTD Q3-21 YTD Q3-22 digitalization 13.7 % 13.4 % Lar
Slide 12: Financial Services – Financial performance overview
Financial Services – Financial performance overview Operating profit YTD Q3 Results 2021 vs. 2022, in € bn +32.7 % Portfolio growth 0.3 0.2 Better pricing for used cars YTD Q3-21 YTD Q3-22 Advantageous currency effects 44.3 % 41.6 % Penetrationrate1, in % 1 Non-IFRS measure Vertraulich 1212
Slide 13: Porsche financial outlook
Porsche financial outlook Key Performance Indicators 2021A 2022E Mid-term target Sales Revenue € 33.1 bn ~€ 38-39 bn ~7-8 % CAGR Group RoS 16.0 % ~17-18 % ~17-19 % EBITDA margin 24.5 % ~25-27 % Automotive Net cash flow margin 12.1 % ~12.5-14 % Despite the significant global challenges presented by d
Slide 14: Appendix
Slide 15: Group – condensed consolidated income statement
Group – condensed consolidated income statement in € mn YTD Q3-22 YTD Q3-21 Sales Revenue 26,741 23,115 (-) Cost of sales (19,151) (17,037) (=) Gross profit 7,590 6,078 (-) Distribution expenses (1,503) (1,451) (-) Administrative expenses (1,178) (1,047) (+/-) Net other operating result 140 10 (=) O
Slide 16: Group – condensed consolidated statement of fin. position
Group – condensed consolidated statement of fin. position in € mn Sep. 30, 2022 Dec. 31, 2021 Intangible assets 7,038 6,190 Property, plant and equipment 8,612 8,763 Leased assets 4,219 3,954 Financial services receivables 4,149 3,461 Equity-accounted investments1, other equity investments, other fi
Slide 17: Group – condensed consolidated statement of fin. position
Group – condensed consolidated statement of fin. position in € mn Sep. 30, 2022 Dec. 31, 2021 Equity before non-controlling interests 18,775 22,927 Non-controlling interests 8 8 Equity 18,782 22,935 Provisions for pensions and similar obligations 3,569 5,525 Financial liabilities 6,586 6,599 Other l
Slide 18: Glossary
Glossary Automotive or Auto: Porsche automotive segment or relative to Porsche automotive segment Automotive EBITDA: Automotive operating profit before depreciation/amortization and impairment losses/reversals of impairment losses on property, plant and equipment, capitalized development costs and o
Slide 19: Q3 - update on post-IPO capital structure
Q3 - update on post-IPO capital structure Automotive net liquidity development in € bn Illustrative 2.8 0.2 7.7 3.3 1.5 Spin-off and cash injection executed before IPO 5.0 1.6 Last DPLTA1 payout in Q1 2023E Strong Automotive net liquidity at year-end Auto. net Net DPLTA Net cash Impact of liquidity